Real Estate Finance problems
3 Years ago John borrowed $350,000 on an interest only loan at 5%. He now seeks to refinance with a $400,000 loan at 4% with no closing costs. What is the amount of incremental loan proceeds?
3 Years ago John borrowed $350,000 on an interest only loan at 5%. He now seeks to refinance with a $400,000 interest only loan at 4% with no closing costs. What is the difference in the monthly loan payment?
3 Years ago John borrowed $350,000 with payments calculated on an 30 year payout at 5%. He now seeks to refinance with a $400,000 loan at 4% on a with 3 points. What is the amount of incremental loan proceeds?
3 Years ago John borrowed $350,000 with payments calculated on an 30 year payout at 5%. He now seeks to refinance with a $400,000 at 4% on a 27 year basis with 3 points. What is the incremental costs of Funds?
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